Well if that's the case then the solution should be simple - just turn the freakin' full recording on! It's not the year 2000 anymore. People are running PC's with 4TB of storage.

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Either you are not serious or you didnt get the point.
The way of "recording" the replays in NR2003/iRacing and all the gMotor game derivatives is two completely different worlds.
You cannot get a simple waypoint saving system to save a "video"ish replay that is later able to display the behaviour of the car as it was when the replay was recorded.

Just like you cannot reconstruct a holiday journey in Venice by replaying the GPS record of the waypoints you have been walking.
Even if the GPS have 4TB of storage

I'm confused by this thread. rF2 replays are top notch. You can see everything physics-wise (suspension travel, chassis flex, tire deformation, etc). Especially in slo-mo.

I'm assuming everyone has their replays on "Full" and not just "High".

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Hmm, maybe you are right but final result is somehow off and looks arcadish, while on other hand iRacing and LFS look lifelike.
Can't pinpoint what exactly looks wrong. Sometimes I have a feeling as if watching smaller RC cars.
Maybe what Nielsen said is the reason.